Avorak AI Technical Whitepaper
  • Introduction
    • Mission Statement
  • Introduction To AI
    • The Future Of AI
  • Market Challenges
    • Solutions
  • Why Blockchain Technology?
  • Competitive Advantage
  • The Avorak Ecosystem
    • Avorak AI Products
  • Token Details
    • Token Usecases and Burn Mechanics
    • Token Distribution
    • Price Schedule
    • Avorak Token Staking
    • Multi-Signature Token Vaults
    • Audit Report
  • Project Roadmap
    • Marketing Roadmap
  • Founders
    • Project Staff
  • Legal Disclaimer
    • Intellectual Property Rights
  • Dictionary
    • Source Material
  • Official Social Links
  • Avorak Media Kit
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  1. Token Details

Token Usecases and Burn Mechanics

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Last updated 2 years ago

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The primary use case of the AVRK utility token is a market-valued payment and credit for access to the Avorak AI ecosystem.

Secondary use cases will also include but not be limited to:

  • Receiving additional credits of the AVRK token in the form of a staking and 'revenue feedback' system

  • Incentivized liquidity provision through decentralized exchanges

Future use cases will include AVRX as the 'gas' token for Avorak Network, as the machine learning program moves into a decentralized state functioning as its own blockchain using a Proof-Of-Learning validation system. Token Burn and Revenue Allocation The AVRK token will be taken as payment for using Avorak products. - 49% of all revenue will be distributed back to AVRK holders. - 49% of the revenue will be distributed to Avorak. - 2% will be burned automatically upon payment, causing continuous deflation to the AVRK token.